Productive and Cognitive Innovation Strategy: African Framework Design

Godwin Chukwudum Nwaobi

doi:doi:10.11648/j.ijber.20140302.12

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Productive and Cognitive Innovation Strategy: African Framework Design

Godwin Chukwudum Nwaobi

Published in International Journal of Business and Economics Research (Volume 3, Issue 2)

Received: 6 March 2014 Accepted: 8 April 2014 Published: 10 April 2014

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Abstract

Since the mid 1990’s, economist have come to recognize the role of innovative activity in firms productivity growth, particularly in the competitive market economies. However, the most conducive market environment for innovative activity has also become a subject of interest. Thus, a major constraint on industrial dynamism in African countries is said to be the dearth of indigenous entrepreneurs. This paper therefore argued for the provision of comprehensive innovation policy, in which the government supports the innovators by providing appropriate financial measures, removing regulatory, institutional (competitive) obstacles to innovation and strengthening the knowledge base through investment in education, research and industrial sites in Africa.

Published in	International Journal of Business and Economics Research (Volume 3, Issue 2)
DOI	10.11648/j.ijber.20140302.12
Page(s)	50-65
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2014. Published by Science Publishing Group

Keywords

Innovation Policy, Africa, Nigeria, Investment, Productivity, Science Parks, Business Clusters, Economic Zones, Inventions, Free Trade Zones, Cognitive Revolution, Industrial Revolution, Infrastructures, Technology, Research and Development, Venture Capital

References

[1]	Africa Development Bank (2007) Report of the High level Panel: Investing in Africa’s future, Abidjan: African Development Bank.
[2]	Nwaobi, G. C. (2000) The Knowledge Economics: Trends and Perspectives, Lagos: Goan Communication press.
[3]	OECD (2008) Science, technology and industry outlook, Paris: OECD.
[4]	Oyelaran – Oyeyinka, B. (2006) Learning to Complete in African Industry:
[5]	Institutions and Technology, Development, Hampshire: Ashgate publishing.
[6]	UNIDO (2002) Industrial Report, Vienna: UNIDO
[7]	United Nations (2007) The Millennium Development Goals Reports, New York: United Nations
[8]	World Bank (2009) World Development Report (Reshaping Economic Geography),
[9]	Washington: World Bank.
[10]	World Bank (2010) Innovation Policy, Washington: World Bank.
[11]	Zeng, D. (2008) Knowledge Technology, and Cluster-based Growth in Africa, Washington: World Bank.

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Godwin Chukwudum Nwaobi. (2014). Productive and Cognitive Innovation Strategy: African Framework Design. International Journal of Business and Economics Research, 3(2), 50-65. https://doi.org/10.11648/j.ijber.20140302.12

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ACS Style

Godwin Chukwudum Nwaobi. Productive and Cognitive Innovation Strategy: African Framework Design. Int. J. Bus. Econ. Res. 2014, 3(2), 50-65. doi: 10.11648/j.ijber.20140302.12

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AMA Style

Godwin Chukwudum Nwaobi. Productive and Cognitive Innovation Strategy: African Framework Design. Int J Bus Econ Res. 2014;3(2):50-65. doi: 10.11648/j.ijber.20140302.12

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@article{10.11648/j.ijber.20140302.12,
  author = {Godwin Chukwudum Nwaobi},
  title = {Productive and Cognitive Innovation Strategy: African Framework Design},
  journal = {International Journal of Business and Economics Research},
  volume = {3},
  number = {2},
  pages = {50-65},
  doi = {10.11648/j.ijber.20140302.12},
  url = {https://doi.org/10.11648/j.ijber.20140302.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20140302.12},
  abstract = {Since the mid 1990’s, economist have come to recognize the role of innovative activity in firms productivity growth, particularly in the competitive market economies. However, the most conducive market environment for innovative activity has also become a subject of interest.  Thus, a major constraint on industrial dynamism in African countries is said to be the dearth of indigenous entrepreneurs.  This paper therefore argued for the provision of comprehensive innovation policy, in which the government supports the innovators by providing appropriate financial measures, removing regulatory, institutional (competitive) obstacles to innovation and strengthening the knowledge base through investment in education, research and industrial sites in Africa.},
 year = {2014}
}

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TY  - JOUR
T1  - Productive and Cognitive Innovation Strategy: African Framework Design
AU  - Godwin Chukwudum Nwaobi
Y1  - 2014/04/10
PY  - 2014
N1  - https://doi.org/10.11648/j.ijber.20140302.12
DO  - 10.11648/j.ijber.20140302.12
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 50
EP  - 65
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20140302.12
AB  - Since the mid 1990’s, economist have come to recognize the role of innovative activity in firms productivity growth, particularly in the competitive market economies. However, the most conducive market environment for innovative activity has also become a subject of interest.  Thus, a major constraint on industrial dynamism in African countries is said to be the dearth of indigenous entrepreneurs.  This paper therefore argued for the provision of comprehensive innovation policy, in which the government supports the innovators by providing appropriate financial measures, removing regulatory, institutional (competitive) obstacles to innovation and strengthening the knowledge base through investment in education, research and industrial sites in Africa.
VL  - 3
IS  - 2
ER  -

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Author Information

Godwin Chukwudum Nwaobi

Quantitative Economic Research Bureau, P. O. Box 7173 Aba, Abia State, Nigeria, West Africa

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APA Style

Godwin Chukwudum Nwaobi. (2014). Productive and Cognitive Innovation Strategy: African Framework Design. International Journal of Business and Economics Research, 3(2), 50-65. https://doi.org/10.11648/j.ijber.20140302.12

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ACS Style

Godwin Chukwudum Nwaobi. Productive and Cognitive Innovation Strategy: African Framework Design. Int. J. Bus. Econ. Res. 2014, 3(2), 50-65. doi: 10.11648/j.ijber.20140302.12

Copy | Download

AMA Style

Godwin Chukwudum Nwaobi. Productive and Cognitive Innovation Strategy: African Framework Design. Int J Bus Econ Res. 2014;3(2):50-65. doi: 10.11648/j.ijber.20140302.12

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@article{10.11648/j.ijber.20140302.12,
  author = {Godwin Chukwudum Nwaobi},
  title = {Productive and Cognitive Innovation Strategy: African Framework Design},
  journal = {International Journal of Business and Economics Research},
  volume = {3},
  number = {2},
  pages = {50-65},
  doi = {10.11648/j.ijber.20140302.12},
  url = {https://doi.org/10.11648/j.ijber.20140302.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20140302.12},
  abstract = {Since the mid 1990’s, economist have come to recognize the role of innovative activity in firms productivity growth, particularly in the competitive market economies. However, the most conducive market environment for innovative activity has also become a subject of interest.  Thus, a major constraint on industrial dynamism in African countries is said to be the dearth of indigenous entrepreneurs.  This paper therefore argued for the provision of comprehensive innovation policy, in which the government supports the innovators by providing appropriate financial measures, removing regulatory, institutional (competitive) obstacles to innovation and strengthening the knowledge base through investment in education, research and industrial sites in Africa.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - Productive and Cognitive Innovation Strategy: African Framework Design
AU  - Godwin Chukwudum Nwaobi
Y1  - 2014/04/10
PY  - 2014
N1  - https://doi.org/10.11648/j.ijber.20140302.12
DO  - 10.11648/j.ijber.20140302.12
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 50
EP  - 65
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20140302.12
AB  - Since the mid 1990’s, economist have come to recognize the role of innovative activity in firms productivity growth, particularly in the competitive market economies. However, the most conducive market environment for innovative activity has also become a subject of interest.  Thus, a major constraint on industrial dynamism in African countries is said to be the dearth of indigenous entrepreneurs.  This paper therefore argued for the provision of comprehensive innovation policy, in which the government supports the innovators by providing appropriate financial measures, removing regulatory, institutional (competitive) obstacles to innovation and strengthening the knowledge base through investment in education, research and industrial sites in Africa.
VL  - 3
IS  - 2
ER  -

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